Avantium Raises €36M Investment from Swire, The Coca-Cola Company, DANONE and ALPLA

Avantium Raises €36M Investment from Swire, The Coca-Cola Company, DANONE and
                                    ALPLA

PR Newswire

AMSTERDAM, June 5, 2014

AMSTERDAM, June 5, 2014 /PRNewswire/ --

TodayAVANTIUMannounced that it has closed a financing round of €36 million
($50 million) from a consortium of iconic strategic players. This unique
consortium consists of Swire Pacific, The Coca-Cola Company, DANONE, ALPLA,
and existing shareholders. With this capital raise the new investors affirm
their commitment to advancing PEF, Avantium's next generation packaging
material. Proceeds will be used to complete the industrial validation of PEF
and finalize the engineering & design of the first commercial scale plant. As
part of its strategy to use responsibly sourced plant based materials for PEF
production, Avantium will validate the use of 2^ndgeneration feedstock.

Follow on investments were made by existing shareholders Sofinnova Partners,
Capricorn Venture Partners, ING Corporate Investments, Aescap Venture, Navitas
Capital, Aster Capital and De Hoge Dennen Capital.

Tom van Aken, CEO Avantium, stated: "Closing this financing round with Swire,
The Coca-Cola Company, Danone, ALPLA and our existing investors underpins
their commitment to making PEF bottles a commercial success. PEF is a 100%
biobased plastic with superior performance compared to today's packaging
materials and represents a tremendous market opportunity. Our proprietary YXY
technology to make PEF has been proven at pilot plant scale as we are now
moving to commercial deployment."

Philippe Lacamp, Swire Pacific's Head of Sustainable Development, said: "We
are excited to invest in Avantium, which has an impressive track record in
developing breakthrough technology.This investment aligns with our
sustainable development strategy to build and develop a portfolio of promising
early stage sustainable technologies to reach commercial scale.The technology
that Avantium supplies represents a pathway to the next generation of
bio-based packaging materials, and has huge potential application for our
existing bottling businesses."

Yu Shi, Director Next Generation Materials and Sustainability Research at The
Coca-Cola Company, comments: "By advancing smart technology, we believe
performance and sustainability can go hand-in-hand to make a world of
difference for consumers, the environment and our business. Avantium's
breakthrough technology continues to offer a promising pathway for supporting
both our efforts to commercialize renewable, plant-based plastics and develop
unique properties for packaging to drive new growth. We are pleased to
further expand our existing partnership with Avantium through this latest
investment."

Frederic Jouin, Director of Danone Research Packaging Center, comments: "We
participate in this venture as we believe in the future of bio-based plastics
for our packaging, with a potential significant reduction in carbon footprint
and enhanced barrier properties compared to PET. With this investment, we
re-affirm our will to launch a 100% bio-based bottle not in direct competition
with food and 100% recyclable and our wish to accelerate this launch on the
market."

Jan van der Eijk, Chairman of the Avantium Supervisory Board, adds: "It is a
remarkable milestone in the biobased chemicals industry that large brand
owners, such as The Coca-Cola Company and DANONE jointly invest for the first
time in a company like Avantium. Together with the investment of Swire and
ALPLA, it is clear to us that the market is willing to back winning
technologies, such as PEF."  

About Avantium-http://www.avantium.com/financing

Avantium is a leading technology company specialized in the area of advanced
high-throughput R&D. The company develops and commercializes YXY - the brand
name for its cost competitive technology platform to catalytically convert
plant based materials into biobased chemicals and bioplastics like PEF. PEF is
a novel 100% biobased polyester with enhanced barrier, thermal and mechanical
properties over existing packaging materials. These properties enable new
packaging innovations to make lighter, thinner, smaller and stronger bottles,
to extend product shelf life and to provide supply chain benefits. Combined
with the 50-70% reduction in carbon footprint, PEF fulfils key criteria to
become the next generation biobased plastic for bottles, film and fibers.

Today Avantium is supplying its technology development partners with PEF
manufactured from material produced at its pilot plant in Geleen, The
Netherlands. Avantium is planning its first commercial scale plant
(50,000ton), which is projected to be operational in 2017 to enable the full
commercial launch of the first PEF bottles to consumers.



SOURCE Avantium

Contact: http://www.avantium.com/ ; For more information about Avantium,
please contact Dominique Levant: Tel: +31 (0)20 586 0132, Email:
info@avantium.com. About Swire Pacific Limited:
http://www.swirepacific.com/en/global/home.php ; For more information about
Swire, please contact Cindy Cheung: Tel: +852 2840 8091, Email:
cindycheung@jsshk.com. About The Coca-Cola Company:
http://www.coca-colacompany.com/our-company/ ; For more information about The
Coca-Cola Company, please contact Kerry Tressler: Tel: +1 404 676 3676, Email:
ketressler@coca-cola.com. About Danone: http://www.danone.com/en/ ; For more
information about Danone, please contact Stéphanie Spira: Tel: +33 6 99 19 13
57, Email: Stephanie.SPIRA@danone.com. About ALPLA: http://www.alpla.com/en ;
For more information about ALPLA, please contact Sabrina Ortner: Tel:
+43-(5574)-602-241, Email: Sabrina.ortner@alpla.com
 
Press spacebar to pause and continue. Press esc to stop.